Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CRYPT] CryptCoin x11 + PoS | P2P Anonymity | 0% Premine | Commander
by
vidarh
on 23/07/2014, 19:42:22 UTC

So the whale investors are deciding when the coin thread gets updated, and they "move slowly". That is a strange path for the technical development of a coin to be taking, delaying technical updates so that whales can "OK" the announcement. Im surprised cryptowest even admits that on IRC..

Why is that weird? If they're the one putting up the money, then it's natural they want to line everything up the way they want it before going ahead. Ever run a startup with VC money? I have. Largest company I co-founded took in about USD 30 million from VC's. You can bet your ass they insisted on having a finger in every major launch decision, but you know which investors are always the most troublesome?

Not the VC firms investing $10 mill each, but the guy who put in $10k. That's the guy that will be calling you to yell if you don't do things exactly how he thinks it should be done (the reason is for most "$10k guys", $10k matters; for most VC fund partners, a $10 mill investment will be one of a long list where they expect 90%+ to become worth 0, and it's not their own money)

I'd imagine any whales involved in this will be "$10k guys", not people investing other peoples money. So they will want to be heard.

Quote
lol, now they working on a "video", what a load of BS, how about actually working on the coin features that you guys announced months ago and not working on releasing 2 BS videos. what a joke. The time for promotional videos is long gone. Wink

As pointed out: mr_project - one of the team members - works at or runs a studio. So why not? If the commander and anon features are worthwhile, then getting the word out fast and wide will matter, and presumably it's cheap and not taking time away from the guys actually doin the coding.